India’s economic growth is slowing but can the government bring it back on track? This is what Finance Minister Arun Jaitley reportedly discussed with ministers and officials Tuesday evening. While a concrete plan to address the problem is apparently being developed with Prime Minister Narendra Modi’s blessing, a section of the industry and many economists have criticised the government for not being prudent enough to read the distress signs and for treating the slowdown as temporary and transient. The economy grew by a mere 5.7% in the quarter ended June 2017, extending the streak of falling growth to the sixth consecutive quarter. This has seemingly forced the government to go try and figure out what went wrong, and how it can be fixed. Distress signals, though, had been flashing for a while: in the first quarter of this financial year, growth fell to 5.7% as against 7.9% in the same period last fiscal year. All four contributors to economic growth – domestic consumption, fore